Insolvency and Bankruptcy Board of India (IBBI) has brought out the ‘Handbook on Ethics’, to stimulate the highest standards of ethics and professionalism among the IPs, together with British High Commission, who facilitated in obtaining inputs on the best practices followed by Insolvency Practitioners in UK. The book details several aspects of professional ethics, including conflict of interest, independence, impartiality, objectivity and timelines in a comprehensive manner, for achieving the highest level of effectiveness, and compliance with the provisions of the Code in letter as well as spirit. Further, it also contains various conceptual and fundamental principles, in line with best practices, emulated by the IPs in the UK. This Handbook serves as a ready reckoner and a tool to assist the insolvency professionals and all other stakeholders in the insolvency ecosystem, for practicing an ethical code of conduct.
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